$24.4 Million Land Purchase Gets Green Light
September 10, 2008 - 10:15 am
By Trevor Dickerson
The Henrico Board of Supervisors voted 4-1 Monday night in favor of purchasing 205 acres off of Kain Road. As we reported earlier, the land is slated for future use as the site of a high school, park, fire station, and county fueling station. The land will be purchased from land owner Robert Atack for $24.4 million, around double what the developer paid for it less than two years ago, sparking a tense debate between Tuckahoe District Supervisor Pat O’Bannon and County Manager Virgil Hazelett.
O’Bannon argues the county should have used its power of eminent domain, where they could force a sale and pay only what the land is assesed as. A recent independent survey placed the parcel’s value at around $18 million. The negotiated price is $2.3 million less than the original $26.7 million deal. No word yet on when the county plans to build any of the named facilities on the property.
[...] cost her the job. One of those incidents centered around the questioning of Henrico County’s high purchase price of land off of Kain Road in Short Pump for future public uses. O’Bannon was at odds with Kaechele as well as other [...]